Regulatory Alerts2003-09-29
Policy Guidelines on Listed Companies’ Handling of Price Sensitive Information
The Trinidad and Tobago Securities and Exchange Commission issued these guidelines to require listed companies and reporting issuers to establish clear written policies for handling and publicly disclosing price-sensitive information. The document mandates timely public dissemination of material changes within seven days, prohibits selective disclosure and tipping to prevent insider trading, and permits temporary confidentiality only when immediate release would be unduly detrimental to the issuer. Issuers must monitor for leaks, immediately halt trading and issue full public announcements upon unintentional disclosure, and face substantial fines or imprisonment for violating the Securities Industry Act’s anti-insider trading provisions.
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